New Delhi, Aug 14: Allahabad Bank on Thursday launched 'Al-Ayushman Bima Yojana', a depositor-linked insurance scheme throughout the country, in partnership with the Life Insurance Corporation of India. The scheme is open to the bank's depositors aged between 18 and 54 who maintained savings bank or current accounts with any of its 1900-odd branches in the country, K K Rai, Executive Director of the bank, headquartered at Kolkata, said while launching the new product here.

Under the scheme both the present and prospective depositors could insure their lives for Rs one lakh by paying a premium, starting from Rs.172 to Rs.888 per annum, depending on the age of the depositor. In the case of unfortunate death, both natural and accidental, the family of the depositor would get an insurance cover of Rs.one lakh, Rai said.
He said on the very first day today, the bank was hopeful of enrolling nearly 25,000 new depositors. Bureau Report